Business OpportunitiesKarnataka keen on PPPs
The Karnataka government is in the process of inviting more private players to increase public-private-partnership (PPP) in the state. This will be extended to sectors like Railways, which has not seen much projects as PPPs so far.
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“We are looking at PPPs in nine projects in Railways. Earlier, PPP in Railways was only talked about. Nowadays, we are seeing it transforming into reality,” said V Madhu, state principal secretary - infrastructure development department.
It is estimated investment into extending the rail network connectivity would be to the tune of Rs 23,300 crore by 2020.
As a first step to attract private partners, the government’s preparations for the global investors meet is on in full swing. It was postponed from January to June 2010 due to the flood situation in Karnataka.